Stockholm-based Cint, data collection technology company, acquired by Nordic Capital
Nordic Capital Fund VIII (‘Nordic Capital’) has acquired Cint, a leading global playerin the insights data collection technology market. Nordic Capital will supportCint’s successful position as a leading global platform, aiding continued acceleratedgrowth in an industry where consumers are becoming increasingly mobile and digital,and brand marketing spend is shifting toonline.
Nordic Capital acquires Cint from a large shareholder group that includes Prime Ventures, Creandum, Cipio Partners, the founder, and a group of individual investors and employees.
Fredrik Näslund, Partner at NC Advisory AB, advisor to the Nordic Capital Funds said: “NordicCapital is impressed by thequalityandefficiency of Cint’stechnology,itsstrongvaluepropositiontoits customers and the quick adoption of the technology. The company is ideally placed to add valueto both suppliers and buyers of research panels as a fully automated, truly global platform.Nordic Capital looks forward to supporting the management team in further accelerating Cint’s growthas well as investing in further development of the company and itsproducts.”
Cint’s CEO Morten Strand added: “We are very pleased that Nordic Capital has chosen to invest in Cint. Nordic Capital’s extensive experience of successfully developing and growingtechnology businesses, in cooperation with management and employees, suits us very well and gives usthe opportunity to continue our positive development. In the age of accelerating digitaltransformation in consumer insights and behaviour, we will together continue to be a leader intechnology innovation for the market researchindustry.”
Cint’s main product is OpinionHUB, a B2B exchange for seeking and collecting insights. Theplatform connects the buy-side – typically a market research firm that needs to access panellists forconsumer research – with the sell-side, the companies owning consumer panels. This allows the customereasy access to a specific number of pre-defined, deeply profiled panellists in a specific country, regionor local area in the world,through the platform’s self-service and real time matchingalgorithms.
Since launching its OpinionHUB panel marketplace platform in 2005, Cint has rapidly evolved ina technology centric environment and has established a profitable business model, which benefitsthe whole value chain when working with consumer surveys, as it reduces time and costs for allparties. Cint has a track record of launching industry ‘firsts’that have raised standards ininnovation, transparency and quality within the market researchworld.
Cint is headquartered in Stockholm, Sweden and has 13 offices in major cities across Europe,North America and Asia-Pacific. The company has over 140 employees. Cint has enjoyedexponential growth and development over the last 10 years, and targets above 30% growth annually onaverage. With Nordic Capital as the new owner, Cint will continue on its rapid growth path, securing aleading position in thesector.
The parties have agreed not to disclose the financial terms of thetransaction. The investment is subject to approval by the relevantauthorities.
Katarina Janerud, Communications Manager
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 5050
Morten Strand CEO
Cint provides access to opinions by innovating market research technology. The companyreaches over 19 million people in over 65 countries, all sourced via 800 different panels owned bypublishers, local media outlets, market research agencies and non-profits. Cint’s exchangeplatform, OpinionHUB, a fully transparent insight marketplace, brings together questions and answers fromall around the world. Cint is headquartered in Stockholm, Sweden and has offices in major citiesacrossEurope, North America and Asia-Pacific. For more information, please seewww.cint.com
About Nordic Capital
Nordic Capital private equity funds have invested in mid-market companies primarily in theNordic region since 1989. Through committed ownership and by targeting strategic developmentand operational improvements, Nordic Capital enables value creation in its investments. NordicCapital Funds invest in companies in northern Europe and in selected investmentopportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion incommitted capital, principally provided by international institutional investors such as pension funds.Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companiesin Sweden, Denmark, Finland, Norway, Germany and the UK. For further information aboutNordic Capital please see www.nordiccapital.com
Source: Nordic Capital Press Release